Avedzi takes over from Ogbamey Tetteh at Securities and Exchange Commission

President John Dramani Mahama has appointed Dr. James Klutse Avedzi as the Acting Director-General of the Securities and Exchange Commission, effective immediately. This decision follows the termination of Rev Alfred Ogbamey Tetteh’s appointment. Dr. Callistus Mahama, the Executive Secretary to the President, issued a letter to Rev Ogbamey Tetteh instructing him to hand over his responsibilities to Dr. Avedzi.

The President expressed his gratitude to Rev Ogbamey Tetteh for his contributions to the nation. The Securities and Exchange Commission was established under the Securities Industry Act, 2016 (Act 929) with the main goal of regulating and fostering the growth of an efficient, fair, and transparent securities market that safeguards the interests of investors and upholds market integrity.

Dr. Avedzi, a Ghanaian politician, previously served as the National Democratic Congress (NDC) Member of Parliament for Ketu North during the Fifth, Sixth, Seventh, and Eighth Parliament of the Fourth Republic of Ghana. He hails from Xipe in the Volta Region of Ghana. Additionally, he pursued higher education at the University of Liverpool, where he earned a Master’s Degree in Finance and Accounting in 2016.

As the Acting Director-General of the Securities and Exchange Commission, Dr. Avedzi will play a crucial role in overseeing the regulation and promotion of the securities market in Ghana. His extensive experience in politics and finance positions him well to lead the Commission effectively. The appointment of Dr. Avedzi signifies a new chapter in the Commission’s leadership and direction, bringing fresh perspectives and expertise to the role.

Under his leadership, the Securities and Exchange Commission is expected to continue its mission of ensuring a secure and transparent investment environment for stakeholders. Dr. Avedzi’s background in financial management and his previous parliamentary experience equip him with the necessary skills to navigate the complexities of regulating the securities market effectively.

Moving forward, stakeholders in the securities industry will look to Dr. Avedzi to provide strategic leadership and guidance in promoting market growth and investor confidence. His appointment comes at a critical time when the securities market is evolving rapidly, and regulatory oversight is paramount to maintaining market integrity. With his proven track record in public service and finance, Dr. Avedzi is well-positioned to steer the Commission in fulfilling its mandate and promoting a thriving securities market in Ghana.

In conclusion, the appointment of Dr. James Klutse Avedzi as the Acting Director-General of the Securities and Exchange Commission underscores the commitment of the government to ensuring a well-regulated and transparent securities market. With his background in finance, politics, and public service, Dr. Avedzi brings a wealth of experience and expertise to the role, positioning him as a capable leader to guide the Commission towards its objectives.